other_material
confidence high
sentiment negative
materiality 0.75
AMMJ to issue 500M shares to KTEC and transfer cannabis licenses to Cannabis Depot
American Cannabis Company, Inc.
- Stock Purchase Agreement with KTEC, LLC for issuance of 500,000,000 common shares.
- Agreement with Cannabis Depot Colorado Springs Inc. to transfer licenses 402-00539 and 402-00053 plus related assets.
- Both transactions subject to pending approval from state and local Marijuana Enforcement Division (MED).
- No purchase price or consideration for the stock issuance or license transfer disclosed in the filing.
item 1.01item 9.01